Key Financial Figures (Standalone, in ₹ Lakhs)

  • Gross Income: 5.57 (Previous Year: 29.80)
  • Profit Before Interest and Depreciation: 88.59 (Previous Year: 21.83)
  • Finance Charges: 0.00 (Previous Year: 0.00)
  • Gross Profit: (83.15) (Previous Year: 7.78)
  • Provision for Depreciation: 0.13 (Previous Year: 0.19)
  • Net Profit Before Tax: (83.15) (Previous Year: 7.78)
  • Tax Expense: 0.01 (Previous Year: 1.94)
  • Net Profit After Tax (Loss): (83.16) (Previous Year: Profit of 5.85)
  • Earnings Per Share (Basic & Diluted): Not quantifiably positive (Previous Year: 0.12)

Capital Structure

  • Authorized Share Capital: ₹600.00 Lakhs (60,00,000 Equity Shares of ₹10 each)
  • Issued, Subscribed, and Paid-up Share Capital: ₹485.79 Lakhs (48,57,900 Equity Shares of ₹10 each). No change from the previous year.
  • Reserves and Surplus: Negative ₹143.26 Lakhs (Previous Year: Negative ₹66.51 Lakhs)

Significant Updates and Compliance

  • Dividend: No dividend was recommended for the year to conserve resources.
  • Subsidiaries/JV/Associate: The company does not have any subsidiary, joint venture, or associate company.
  • Board Meetings: Six board meetings were held during the financial year.
  • Directors' Responsibility Statement: The board confirms compliance with the requirements of Section 134(5) of the Companies Act, 2013.
  • Auditors:
  • Statutory Auditor: M/s Nirav S Shah & Co., Chartered Accountants. Their remuneration is to be approved in the AGM. Their report contains an emphasis on the company's use of accounting software that did not have the audit trail feature enabled during some periods.
  • Secretarial Auditor: Mr. Jitendra Parmar, Practicing Company Secretary. His report contains qualifications regarding non-compliances.
  • Secretarial Audit Qualifications: The Secretarial Audit Report highlighted four specific instances of non-compliance:

1. Non-appointment of an internal auditor as required by the Companies Act, 2013.

2. Failure to give newspaper advertisements for financial results for the September 2025 and December 2026 quarters as per SEBI LODR Regulation 47.

3. Non-compliance with retirement of directors as per Section 152 of the Companies Act, 2013.

4. Non-appointment of a Managing Director as per Section 203 of the Companies Act, 2013.

  • Changes in Key Managerial Personnel (KMP):
  • Ms. Ashaben Daujibhai Sharma (Director) resigned on March 14, 2026.
  • Ms. Anita Ramchandani (Company Secretary) resigned on May 31, 2025, and was re-appointed on November 19, 2025.
  • Mr. Shaileshbhai Chauhan passed away on April 30, 2025.
  • Pending Litigations (as per Auditor's Report): The company has pending income tax demands:
  • ₹51.59 Lakhs for A.Y. 1997-98
  • ₹7.47 Lakhs for A.Y. 2019-20
  • ₹6.89 Lakhs for A.Y. 2020-21

Corporate Actions and Events

  • Annual General Meeting (AGM): Scheduled to be held on Tuesday, September 29, 2026, at 1:00 PM at the company's registered office in Ahmedabad.
  • AGM Agenda: To receive, consider, and adopt the audited financial statements for FY 2025-26.
  • E-Voting: Remote e-voting is permitted. The voting period begins on September 26, 2026, at 09:00 AM and ends on September 28, 2026, at 05:00 PM. The record date for determining shareholders eligible to vote is September 22, 2026.
  • Share Transfer Book Closure: The register of members and share transfer books will be closed from September 23, 2026, to September 29, 2026 (both days inclusive).

Other Information

  • Registered and Transfer Agent (RTA): Skyline Financial Services Pvt. Ltd., New Delhi.
  • Management Commentary (MDA): The Management Discussion and Analysis cites a "slight downward trend" and "unfavorable market conditions" leading to a negative market. Key risks identified include increased competition and inflation in raw material prices.